Singapore’s StarHub’s entertainment revenue dropped 6.8% to S$212.4 million/US$159 million for 2024.

Entertainment subs ended the year at 306,000, down from 337,000 at the end of 2023.

Overall, StarHub reported a net profit of S$161.7 million/US$121 million for the financial year to end December 2024 – a 7.7% year-on-year increase.

The company says its market share increased across mobile, broadband and entertainment segments. StarHub reported service revenue of S$2 billion for 2024 (an increase of 3.9%) and total revenue of S$2.4 billion (+1.4%).

CEO Nikhil Eapen said Enterprise continued to be StarHub’s key growth driver, and that the complementary Entertainment business continued to offer an “unprecedented breadth of sports and OTT content, strengthening the Group’s Infinity Play proposition”.